Posts Tagged ‘John Hofmeister’

Gas prices are starting to creep up and some experts are suggesting that they could exceed $5 per gallon.

Let the hysteria begin. As if on cue, just as gasoline prices crested $3, the whiners started complaining that “something has to be done.”

Fueling the fire this week was a former Shell Oil executive who predicted $5 gasoline as soon as 2012. John Hofmeister, now head of Citizens for Affordable Energy, said worldwide demand for oil would drive up the price of gasoline to unheard of levels, according to ABC News. Unheard of, at least, for spoiled residents of this country.

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The histrionics on a local radio station seemed to be emblematic of the issue. “We’ll figure something out by then” says one talking head. Within a year? After years of watching the problem fester like an open sore?

Maybe the government should subsidize gasoline or employers will step up to give us all raises so we can pay for these high gas prices, says her partner. Seventy-five dollars to fill a 15-gallon tank. No one will be able to afford to fill their tank.